Water System Asset Management Plan Update
Water System Asset Management Plan
Water Quality Accountability Act
On July 21, 2017, the Water Quality Accountability Act became law in New Jersey. This requires municipally owned water utilities to adhere to the same regulations as privately owned water companies such as establishing an asset management plan for routine inspections, maintenance, and repairs to the water utility’s infrastructure. This will increase the cost of operating a municipal water company that will likely prompt the raising of user fees to cover these costs.
The Borough has engaged Maser Consulting to undertake an asset management plan, which is expected to be completed in the summer of 2018.
Upgrades to the High Bridge water system
The Borough is identifying several upgrades that would be needed to improve the water system in High Bridge. If voters decide to retain ownership of the water utility, these improvements will need to be made over a period of time. Since publicly owned utilities are required to be financially self-sufficient, the costs would need to come from water user fees. Because of the size and magnitude of many of these projects, the Borough would need to borrow the funds through a bond ordinance, thereby spreading the payments over a longer period of time.
New Jersey American Water Bid | Aqua New Jersey Bid | RFP for Sale of the Water System | Ordinance | Mailer | Oct 7 PowerPoint presentation by Council Subcommittee | Water System General Improvements Cost | Draft Water System Asset Management Plan | Annual Drinking Water Quality Report 2019 | Annual Drinking Water Quality Report 2020